Registered number
13461834
Jeb Studio Ltd
Filleted Accounts
30 June 2023
Jeb Studio Ltd
Registered number: 13461834
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 51,956 -
Current assets
Stocks 50,182 2,280
Debtors 4 16,552 12,714
Cash at bank and in hand 10,424 6,157
77,158 21,151
Creditors: amounts falling due within one year 5 (127,883) (25,637)
Net current liabilities (50,725) (4,486)
Net assets/(liabilities) 1,231 (4,486)
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,131 (4,586)
Shareholder's funds 1,231 (4,486)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Park
Director
Approved by the board on 16 February 2024
Jeb Studio Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 1
3 Tangible fixed assets
Leasehold shop Plant and machinery etc Total
£ £ £
Cost
Additions 43,993 13,287 57,280
At 30 June 2023 43,993 13,287 57,280
Depreciation
Charge for the year 2,667 2,657 5,324
At 30 June 2023 2,667 2,657 5,324
Net book value
At 30 June 2023 41,326 10,630 51,956
4 Debtors 2023 2022
£ £
Trade debtors 2,420 -
Other debtors 14,132 12,714
16,552 12,714
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,821 59
Taxation and social security costs 3,186 -
Other creditors 122,876 25,578
127,883 25,637
6 Other information
Jeb Studio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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